All posts made by biggus dickus in Bitcointalk.org's Wall Observer thread
1.
Post 9447255 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_13.29h):
Yeah... That looks very organic to me. Is this data for real?
No. This is a glitch in bitstamp.
I noticed a similar thing earlier today, but I also think it's a glitch because it looks OK now.
2.
Post 11373247 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.15h):
Everyone thinks you get more money selling slowly into the bids. Guess what? There aren't enough of them to sell thousands of coins. You'll slip as you chase them down. Best to bite all the bids that are there. Bulls do the same thing on the upside as I'm sure you've seen.
Also bids get pulled once you start eating and price starts to drop. Best take a sizable bite in one go.
Every so often I see giant walls getting pulled as soon as they start getting eaten into. I suspect they are put there to try and manipulate the market by making people too scared to buy/sell into them. Someone said you can use borrowed coins to put up giant walls, which might explain why they sometimes get pulled so fast. Whoever put them up would stand to lose all their money if they were completely bought/sold into.
3.
Post 11489968 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.16h):
Czs claims OKcoin is using fractional reserves which raises the question of whether the company is still solvent. OKcoin will refute anything he says but I'm not trading there if there is any possibility it will turn into another Gox.
4.
Post 11583161 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.17h):
That was from about two days ago when the price was around 229. He said that prediction was only valid if the price topped out at around 229. It's gone up to 232 since then so it's looking like it might not work out as he predicted.
5.
Post 11583556 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.17h):
That was from about two days ago when the price was around 229. He said that prediction was only valid if the price topped out at around 229. It's gone up to 232 since then so it's looking like it might not work out as he predicted.
Are these predictions that sensitive? You could say it overshot a bit and the top is $229, which it seems to be hovering around atm.
I don't know but he didn't seem too sure of himself when he made his prediction. The quote below is the advice he gave with the chart.
Hi All. Good Evening. Not entirely sure of the counts in that if it is a leading diagonal but could well be if it tops out in this area.
It's gone slightly higher than he predicted but he also predicted it would have already have gone down heavily by now. It might work out like he said but he did say he wasn't entirely sure.
6.
Post 11742603 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.19h):
captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations.
yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems...
The poll's wrong now though, the highest price on it is 247.
I thought capital controls would lead to more buying pressure. There's an awful lot of coins in the sell walls. This time might be different because the mood was different in 2013.
7.
Post 11743730 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.19h):
Quoting myself from another thread:
-I was trying to buy something online (costing just 2-3$) with my greek visa, and the charge was getting rejected.
-Gas stations take only cash.
-Suppliers of stuff, take only cash as they are afraid of the consequences of accepting digital payments, and with that I include bank payments (they are afraid they will not be able to withdraw it, or their money could be bailed-in / converted to drachma etc etc).
There is in a sense a fungibility issue with the euro in Greece right now. Digital euros / bank euros "suck" as they are useless to transact. Cash euro is what counts for most people, even companies.
Times like these, you *realize*, not theoretically, but by living it, that you wouldn't trade your crypto for fiat and that crypto is immensely more useful (ie you can actually transact, when with digital cash / banks / cards etc you can't).
The sense of value increases in a way that is unexpected: I wouldn't trade a single BTC even if I was offered >1000 euro in the bank in these conditions. The euros in the bank are useless.
Just curious, if I were to fly down to Greece in this environment to capitalize on the market would it be better to bring Euros down to buy bitcoins for cash or would it be better to sell bitcoins for euros?
Greece has its first one way ATM that takes Euros and credit cards for Bitcoins, though I'm not sure if its still taking credit cards, or even working anymore. If the operators have run out of Bitcoins they might have trouble sending money to an exchange to buy more. If you could find out the operational status of that ATM it would give a good indication of whether you should take Euros to buy bitcoins for cash, or sell Bitcoins for Euros.
8.
Post 11744201 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.19h):
Just curious, if I were to fly down to Greece in this environment to capitalize on the market would it be better to bring Euros down to buy bitcoins for cash or would it be better to sell bitcoins for euros?
You'd have to find someone with cash, needing to deliver funds abroad, and unable or unwilling to travel. The recipient would need to accept Bitcoin. Then you might have a captive audience for BTC sales.
Otherwise... If a Greek has cash, why would they value BTC over that cash? If they don't have cash, would you take an IOU from someone with funds locked up in a Greek bank?
I guess there may be a niche that has a lot of cash, can't organize transport of cash outside Greece at all or simply not fast enough, and needs to pay people abroad. Some might even be running a business with cash inflow, however long that may last. It seems like an edge case to me, since you'd still need to get the cash money out of the country.
How long until they make rules stopping people taking large amounts of cash out of the country? Most cash has a metal strip woven into it that would trigger metal detectors in airports so it would be nearly impossible to try to get it through customs without declaring it.
9.
Post 12099195 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.23h):
I see Kraken are blacklisting NY due to their crazy new BTC regulations.
This is most definitely 'bad news' for all things Bitcoin
It must be a nightmare for bitcoiners living in New York now. The only way I imagine they can do business with exchanges that have blacklisted New York is through a VPN. I have never tried accessing an exchange through a VPN but I wonder if the exchanges have also blacklisted any IP addresses they detect as VPN IP addresses.
Further, when submitting their KYC documents New York residents have also probably had to tell the exchanges they are from New York. Perhaps students with bank account addresses at their non-New York parents might be OK.
10.
Post 12288675 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.25h):
The price of bitcoin has fallen below $200 few days ago for the first time since 18th January according to coindesk and -1% today in last 24h.
It depends on which exchange you get your prices from, or if you average the price across exchanges. There was a flash crash on Bitfinex below 200 a few weeks before the latest crash below 200 across most exchanges. There also might have been a flash crash below 200 on Btc-e a few months ago. If you average the price across all exchanges then it's the first time the price went below 200 since January.
11.
Post 12291926 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.25h):
So is this stress testing thing happening?
The only direct contact anyone has had with CoinWallet about it is ibtimes. All they were told is that it will be in early September. CoinWallet has already demonstrated their ability to perform a spam attack earlier this summer and I don't think they are bluffing about their intention of conducting another soon. I'd estimate the spam attack will start in the next week or two.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981UK-based mining service CoinWallet is gearing up to conduct a stress test of the Bitcoin network in early September, which it said will likely render most standard wallet software "worthless" and create "nearly a 30-day backlog".
A CoinWallet representative told IBTimes in an email exchange: "I don't have a set date, but it will be early September. I'm too busy this month to fully devote a large amount of time to executing the 'test'.
12.
Post 12293240 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.25h):
If there ever was anyone who deserved to be DDOS'd to infinity and beyond it would be the coinwallet people. I think the Bitcoin community should all go together and pay for the CEO's apartment to be surrounded by PA systems that go "PING!" 120 times a minute each in order to "stress test" his ability to not jump out of the window.
I seriously doubt it's a real company and they probably wouldn't notice if their website was gone. Dunno who or what they are but being a proper Bitcoin company isn't one of them. There is absolutely no mention of them anywhere in relation to anything other than the stress tests.
At the end of the ibtimes article about CoinWallet there is a quote from them that says they heavily support the XT fork. I think the only reason for CoinWallet's existence is to try to use the stress tests to force the XT fork through, and whoever created CoinWallet must have a lot to gain if the XT fork takes off. The CEO will have hidden his identity by registering the site through an anonymity service, and registering the company through an anonymous business mailing address service.
He will have anticipated the risk of his apartment being surrounded by PA systems that go "PING!" 120 times a minute before setting up the company and hidden his identity to protect himself against it.
http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981"The fact that the XT fork hasn't occurred yet is ridiculous," CoinWallet said.
13.
Post 12389606 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.26h):
......
It would be REALLY interesting to know who are those top 3 claimants who believe that they are entitled to receive twice the entire bitcoin market cap -- each. If those three claims stand, they will take 95% of the spoils, and the other 24,701 claimants will divide the other 5%.
It would be fun to watch.
Unfortunately that is not decided yet:
September 9, 2015 was the date set for the investigation of claims. However, as stated in 3. below, as I am still investigating whether or not the BTC and currencies disappeared and if they have, the background behind such disappearance, as well as the accurate balance of the account held by each user of the MtGox exchange, I have neither approved nor disapproved any of the bankruptcy claims yet. Therefore, I decided to extend the date for the investigation of the claims filed by the exchange-user creditors to the date of the next creditors’ meeting.
..
Does anyone know the date the next creditors’ meeting will be held on?
The only source of information I can find is from MtGox itself, and there is only a list of occasional announcements and links to a few documents there. Half the announcements are in Japanese, which makes it even harder to find information. The Kraken is dealing with some of the claims, but their blog has precious little information too.
14.
Post 12590989 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.27h):
Gemini will have pretty though KYC into place, i doubt that alot of traders switch from Finex to Gemini.
Those who are paranoid because of KYC probably already left Bitfinex because I bet they are even more paranoid for losing their coins on shady Bitfinex.
Since everyone are looking at the volume and follow the exchange with the bigest volume I think that Gemini will take a lead here (at least $/BTC volume). Proper exchange with derivatives is something most of the traders are looking for.
When Coinbase launched I thought it would become the highest volume exchange because it's almost completely regulated and has insurance. It's not very popular yet and I keep reading complaints that it keeps shutting people's accounts ii it doesn't like where their Bitcoins have come from, or are sent to. Let's hope Gemini isn't forced to behave the same way by the regulations it has to comply with. I don't know if Coinbase's behavior is due to paranoia, or if it has no choice if it wants to comply with the regulations.
15.
Post 12739385 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.28h):
ok guys.... this change everything, i see 10000 next year or even 100.000 that is after China officially give green light to bitcoin.
hahahahahahahahahaha
You going to take back your previous comment regarding "stagnant through December" ?
sure if this is true and the news is real, dammnn China has what ? like 1/4 of world population ? and they sure love to gamble/invest/moving money...
but... sometimes they post wrong article u know...
Yes, it is good for you to qualify your assertion - especially since in the BTC space, we have experienced quite a few ambiguities regarding translations and culture, etc etc. when it comes to China news.
I don't really trust cointelegraph, so I thought I'd drop it in here and hear what you people had to say.
What does the China Central Bank have to say on the matter? I've lost count of the amount of times China has been rumored to have banned, then unbanned Bitcoin. The latest Wikipedia says is the China Central Bank does not allow Bitcoin to be used as a currency, but trading it is allowed. If the China Central Bank starts allowing it to be used as a currency and Chinese websites can take payment in Bitcoin it could do unbelievable things for the price.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country#ChinaOn 5 December 2013, China Central Bank barred financial institutions from handling bitcoin transactions, moving to regulate the virtual currency. The People's Bank of China said financial institutions and payment companies can’t give pricing in bitcoin, buy and sell the virtual currency or insure bitcoin-linked products, according to a statement on the central bank’s website. On 16 December it was speculated that the People's Bank of China had issued a new ban on third-party payment processors from doing business with bitcoin exchanges, however a statement from BTC China suggests this isn't accurate, and rather payment processors had voluntarily withdrawn their services. Trading bitcoins by individuals is however legal in China.
16.
Post 12739768 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.28h):
damn you guys, you just made me buy more at this price. Baaaaaaaaa
The west is catching up with the east's price now the Chinese news has hit the media. I initially attributed the east's rise to the Ponzi scheme, but after hearing the news about the Chinese government I've changed my mind. Maybe the western price will go higher than the eastern price tonight as more people hear the news. I think you might have made a wise investment.
17.
Post 13353037 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.39h):
I find that wearing an 'aluminum hat' helps..keeps the 'blockchain elves' from reading my brilliant mind on trades etc.....but lately...I think they have thwarted my efforts....in that it also seems they 'sense' my move in the 'blockchain either' and do the opposite of what I needed done in my 'best interest' ...fiends
(damn hat ...does not work..and I looked sooooo spiffy in it when I went to the local mall....all the envious stares...crap..now its back to the 'uncomfortable lead hat" damn it
Try the double wrapped aluminum hat, that should have twice the power of the bog standard single wrapped aluminum hat. A double wrapped aluminum hat's more comfortable than a heavy lead hat because it's light weight. I'm sure one would do wonders for your trades.
18.
Post 13609620 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.41h):
ideally we'd see a dev team backed by VC money step up, promising all kinds of good things for Bitcoin, starting with an easy to agree to block limit increases.
when it comes to bitcoins dev team i am completely indifferent, i don't really care who writes the code as long as they are competent.
the way i see it they don't really have any power, the world gets what the world wants.
best of luck to classic, and shame on core for being so fucking slow in the head.
The only dev with any real power is Satoshi. His opinion would mean everything to half the community, and whatever changes he proposed/backed would go through like lightening. Any of the other devs are just one of a crowd, and their individual opinions don't matter unless they have reached consensus. Ultimately it's only the pool's opinions that will decide what wallet to run unless Satoshi returns.
19.
Post 13611705 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.41h):
Splitting a currency unit into two does not dilute the currency any more than moving the decimal point does.
In order to dilute you would need to create new units and issue them to someone other than existing holders.
Well mining does create new units, doesn't it? And instead of having +6mn coins, you then have +12mn due to parallel mining of +3600 coins on each fork.
Regarding existing holders, if you have your own keys you are relatively ok (minus the obvious destruction of USD value), but the situation with coins in online exchanges and wallets will be "problematic" if say an exchange with 500k BTCs, say 'ok my clients, now you have 500k BTCCs because we adopted this fork' (and
we are keeping 500k BTCs of the other fork for ourselves). It would be like stealing BTCs and exchanging them for Gavincoins.
People need to do a bank run in every exchange (maybe even online wallets too) well before we reach the point of the hard fork, to ensure that they have control of their BTCs.
Alex, what have you been smoking dear boy? I'd like some.
Exchanges would be in court for years, well the ones that didn't have their doors smashed in, if they tried a slight of hand like that
How can anyone take btc-e to court over a slight of hand like that? Nobody knows who they are, what country they're from, or what country btc-e operates from. If nobody knows the slightest thing about them there's no legal recourse for anything they do.
20.
Post 13646536 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.42h):
Ouch. 373? Yup, 373 ... nope, 372
Only down 8%. Hmm.
I don't understand why it's so obvious, and you seem to be strongly suggesting more down?
Just shakin' out the weak hands, JJG. No reason to be alarmed.
I'm not really alarmed, yet.... I have been buying on the way down, but if i knew that it was going down further, then I would just wait and buy all of it at the bottom.... In other words, since I keep buying, I keep thinking that maybe this is bottom... (more or less I bought a bit at $406, $401, $392, $384 and now the latest $375)... I would have felt better to just buy all of what I bought at $375...
Anyhow, I have never made any real claim to knowing short-term price directions.
There's something sort of refreshing about these massive dumps. Like an aloe vera intestinal cleaning, right up the pooper. IDK. It could be just me.
Innit tho JJG?
Everybody talkin’ witness segregation,
0-Confirmation, Full blocks, C0re pl0x,
RBF, ETF, Reddit and Slack.it and fork it,
But all we are sayin’
Give poop-shoots a chance’...
Innit? JJG??
Could the dump have anything to do with Bitstamp and Btc-e getting blocked by Russian ISPs? It's unsettling when a country starts clamping down on access to Bitcoin exchanges, and people that live in Russia might have been unnerved enough to login to their accounts through VPNs and dump.
https://www.cryptocoinsnews.com/bitcoin-exchange-btc-e-blocked-russian-regulator/
21.
Post 13951703 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.45h):
EVERYONE IS HAPPY
here comes 750
Just seen the price for the 1st time today.
Damnnnnn, show me the money.
Every time I think it's peaking it just goes higher. i now think 3000 yuan is doable today, but it will probably crash because I think that. We'll soon find out if the biggus dickus reverse indicator does as good a job as the Adam reverse indicator. I haven't trained myself to sell when I feel like buying, and buy when I feel like selling yet, but I should.
22.
Post 14756531 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.50h):
Crazy theory: Satoshi was Kleiman + Wright + Szabo (others?).
Szabo wrote the paper.
this is Satoshi https://www.youtube.com/watch?v=JtdE7P1VjrM
the apple fell and hit his head and BOOM it all made sense.
everyone else just helped make this idea a reality.
by that standard its impossible to ever prove who had that lightbulb moment.
short of this i think we can label anyone that took a big roll in bitcoins initial dev. as Satoshi
so yes Satoshi was Kleiman + Wright + Szabo (others?).
Very good point... lightbulb idea verses actual implementation.
To me Satoshi is the one who kept mining all the coins when everyone else thought Bitcoin was a joke that would never work. Despair for the project reached such high levels that Satoshi stopped posting here for months, but he kept on mining.
By January 01, 2010 there were only 21 users registered here, which shows how small the community was. AgoraMutual was number 21 to register, and looking at his profile he was trying to sell Oil and Lube.
https://bitcointalk.org/index.php?action=profile;u=21
23.
Post 14848734 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.50h):
I'm looking at tradeblock and it is showing blocks being made with average 4 minutes apart!!
That's crazy.. difficulty is supposed to keep re-targeting for a time of 10 minutes.
That is an unimaginable increase in hashing power to get down from the target of 10 min.
https://tradeblock.com/bitcoin/It's normal, the target is an average of 10 min. Occasionally series of blocks are found excessively quickly, or excessively slowly. Mostly they are found roughly every ten mins, and the smaller number of irregularly timed ones cancel each other out in the averaging calculation.
24.
Post 15003072 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.51h):
BITSTAMP IS AT ITS HIGHEST PRICE SINCE SEPTEMBER 2014!
It's about $20 below Bitfinex. Bitstamp's gone back down to $497 and Bitfinex's gone back down to $517. Twenty dollars difference between the two exchanges is ridiculous. You could get better prices selling on Btc-e than Bitstamp.
25.
Post 15003579 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.51h):
Coinbase is insured against theft and electronic compromise in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft.
Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).
This insurance policy does not cover damages resulting from a specific user's loss, such as the losses resulting from a compromise of the customer login credentials. Coinbase's insurance also contains standard policy exclusions (e.x. force majeure). Should information regarding this coverage materially change, we’ll update this and other relevant pages in a timely manner.
As we know riots and strikes are included in the standard force majeure clause. Can a dramatic rise of bitcoin price be interpreted as a riot against government fiat money? Or the choice to use only bitcoin instead of fiat be interpreted as a strike?
That is an interesting thought. It's a stretch, but TPTB will make any stretch to cover their asses. (e.g., Not that long ago, the doctrine of 'crime of money laundering' did not even exist.)
How is Coinbase insuring customer bitcoins? Is it by FDIC? Who are the underwriters?
I don't know who the underwriters are specifically, but one might be able to learn by trawling though insurance companies' annual reports - listed as a potential risk. I'm pretty certain however that it is not FDIC. They only ensure fiat, 'cause they can get it printed to cover systemic losses.
I'm not sure if Coinbase itself knows who its underwriters are. This page says Coinbase is insured through worldwide insurance broker, Aon which uses a worldwide network of underwriters, but the specific underwriters have not been identified.
https://www.cryptocoinsnews.com/coinbase-insurance-has-been-active-almost-year/After looking through countless web pages all I could find out was Coinbase is insured with "highly rated carriers".
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-How is Coinbase insured?
May 17, 2016
Coinbase is insured against theft and electronic compromise in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft.
Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).
This insurance policy does not cover damages resulting from a specific user's loss, such as the losses resulting from a compromise of the customer login credentials. Coinbase's insurance also contains standard policy exclusions (e.x. force majeure). Should information regarding this coverage materially change, we’ll update this and other relevant pages in a timely manner.
26.
Post 15003976 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.51h):
These are the magic days in trading you always look back fondly on (if you don't get hosed).
Yeehaw bitcoin!
[insert funny meme here]
Captain hindsight: so it looks like what happened was DAO , with their dumb multi-tier ICO eth to dao ratio caused everyone to dump DAO when it first went up, causing huge downward pressure on ETH, so everyone wanted to get out of ETH and into BTC.
Thanks DAO!
How does getting out of DAO work? I heard today was the first day people could get out, but is everyone free to get out at the same time, or do some have to wait longer than others before they can dump DAO?
27.
Post 15371171 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.54h):
wooooo please tell me again how great brexit is for bitcoin.
Although I don't believe politics like BREXIT will be left unmanaged by the Elite, let's see something here that most people overlook: Assume you are british.
What's best for your networth? Local fiat (GBPs) or BTCs?
The pound's going to take more of a beating, and any Brits who are aware of Bitcoin will start thinking about buying some. If they do well out of it they will tell their friends who aren't aware of Bitcoin. Also if the euro starts taking a beating the same could happen all over Europe. That demand could push Bitcoin over $1000 before the Autumn even without the approaching halving.
28.
Post 15530594 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.55h):
http://www.bitcoinwatch.com/6.14 blocks per hour, hashrate rising slightly ... so much BS FUD and failed doomer-mongering around the halving, what's the next propaganda meme they'll try bashing bitcoin with? ... every cheap shot and underhand trick they try only makes bitcoin more resilient , diminishing returns, soon it will be cheaper to just buy bitcoin and get on board, just like mining at some point it is more profitable to be an honest miner.
The big dump near halving time could have been due to a manipulator trying underhand tricks to suppress the price because he shorted the halving. If it was he failed, it floated back to near where he dumped within a few hours.
29.
Post 15965504 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.57h):
Margin Trading has been active for the last 6 days. All the API keys were all revoked after the hack, so anyone using a bot has to get new ones to start trading again.
After 6 days most bot traders who intend to start using Bitfinex again will have sought new keys, but a few stragglers might rejoin over the coming week and increase the volume a little more.
Margin Trading has been active for a while and longs have increased about $2 million in last 7 days shorts are currently about 1.5K btc
https://www.bitfinex.com/statsFinex now #7 by 24hr. volume.
7 Bitfinex BTC/USD $ 2,273,800 $ 574.71 3.84 % Recently
sad trombone.
At this point, we cannot completely attribute the cause of the loss of volume - yet a fair inference does come from loss of confidence. On the other hand, before the "hack", quite a bit of Bitfinex's volume seemed to have come from margin trading, which appears to have not been re-enabled, yet.
30.
Post 16132290 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.57h):
That is one big f'g tree, but getting back to topic - usd collapses, USA falls as a power, etc etc etc... not gonna happen in our lifetimes you nutballs, but it will happen eventually I would think.
Here's another one that's so big you can drive a car through, but cutting the hole didn't kill it so it doesn't have any trophy kill pictures.
As for a USA and dollar collapse, I don't think it will happen this century, if ever. Bitcoin will get new all time highs, but not because of a total USA/dollar collapse.
31.
Post 16869083 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.58h):
No targets. I'm just showing that lots of traders are going to playing a support roughly in the vicinity of 650 and you might want to watch out if that fails.
It's frozen at 700 for now. The walls look evenly balanced on stamp, but on finex there is a wall at 720 that looks ripe for being demolished. The impression I get is that it's going up so it might be going down because I usually get it wrong. I'm hodling for now because I normally lose on short term trades. Whatever it does in the next few weeks I think in the long term it's going up.
32.
Post 17013311 (copy this link) (by biggus dickus) (scraped on 2020-04-04_Sat_14.59h):
all I see right now
is a 6-months long cup and handle formation
How about double top with the lower second peak?
Is this a sole "contrarian view", or are there more who expect a proper correction right now?
I think the price doubled because of the halving, and it's not going back down because the miners don't have as many coins to dump. There have been double tops without corrections, and cups without handles. Chart formations don't always work, unless somebody has coins to dump the price isn't going back down.
